Money can't buy you happiness... unless that money adds up to $75,000 a year. Did you hear? Princeton economist Angus Deaton and psychologist Daniel Kahneman shook out the results of a study—which analyzed Gallup surveys of 450,000 Americans—and found that magic number is the specific dollar number/income plateau "after which more money has no measurable effect on day-to-day contentment," reports the Wall Street Journal.
Deaton explained to the AP that “giving people more income beyond 75K is not going to do much for their daily mood... but it is going to make them feel they have a better life. As an economist I tend to think money is good for you, and am pleased to find some evidence for that."
So, what about New Yorkers? Our cost of living is, you know, a little bit different. And that kind of cash is only going to land us three gold-laden desserts per year at Serendipity.
